Only if they don't prepare for it. I have been saving since I was 26 and still am worried that I will not have enough, I have a Pension, plus a 401K (with I contribute max) (been here 25 years) and a Roth. I do know I will not have to sleep under an overpass but will I be able to afford health insurance?

i meant that in the sense that if old people have to work longer, there might not be as many 'good' jobs available for young

and if old people are struggling, their kids will have to think about helping them.

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